The Entrepreneurial Venture（一）.pptVIP

Characteristics of an Entrepreneurial Venture (Timmons, 2002) The Entrepreneurial Organization The Entrepreneurial Organization Cultural Attributes Large Organizations (1) Developing an entrepreneurial culture in the large business (2) New Themes in Leadership Slide 7 The Entrepreneurial Manager Leadership skills Ability to delegate Tolerance of risk Views change positively Self confident Receptive to innovation Resilient Opportunity focused Desire to learn Perseverance Hardworking Communication skills Planning skills Time management skills The Entrepreneurial Organization Responsive to the environment Extensive use of technically trained staff Considerable delegation of power Team orientated Strong on learning capabilities Always asks for feedback Uses culture to convey aims and values Extensive open communications Uses social responsibility as a source of competitive advantage * * Goal orientated Visionary Motivated to grow Opportunistic Proactive Innovative Flexible Prepared to take risks Tolerant of failure Informal / Collegial Enjoyable fun place Responsive to feedback Slide 1 1. Innovative 2. Prepared to take risks 3. Proactive 4. Close to the market 5. Responsive to customer needs Slide 2 Much faster at innovation Quality and service conscious Flatter structure Has many (more than normal) autonomous units Uses highly trained, flexible people Slide 3 Entrepreneurial Professional External Focus Internal focus Task orientated Status orientated Risk taking Safety conscious Group rewards Individual rewards Co-operation Competition Commitment to the Mission Commitment to the Organization Knowledge valued Procedures valued Slide 4 1. Impersonal relationships 2. Too many levels of approval 3. Need for control 4. Corporate culture 5. Time dimensions and budgets in control Slide 5 1. Self - selection 2. No hands off 3. The doer decides 4. Allocation of discretionary resources 5. End the home run philosophy 6. Tolerance of risk, failure